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still ahead, the weather. >> breaking news regarding the negotiations on the fiscal cliff. according to the associated press, the contour is of a deal are emerging that would raise tax rates on couples making over $450,000 per year and would raise the estate tax rates and extend unemployment benefits for one year. all this according to officials familiar with negotiations. an australian surfer is counting his blessings after a close call. let's roll video while we talk. there is. a shark attacked him just feet away from the shore. a seven-foot shark. a guy lost a finger recently. >> a different guy? >> a different one. how is it looking? pretty decent today, partly sunny this afternoon, highs in the mid 30's. a little light rain and snow possible this evening, but more likely tomorrow. >> we will take it for the end of the year. we will see you back here for "good morning washington"on we
still ahead, the weather. >> breaking news regarding the negotiations on the fiscal cliff. according to the associated press, the contour is of a deal are emerging that would raise tax rates on couples making over $450,000 per year and would raise the estate tax rates and extend unemployment benefits for one year. all this according to officials familiar with negotiations. an australian surfer is counting his blessings after a close call. let's roll video while we talk. there is. a shark...
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still don't have a deal to avoid the fiscal cliff. kyla campbell reports we are just hours away from automatic tax increases and government spending cuts. >> reporter: frustration is hitting a speak this morning after talking stalled last night. the house and senate will get back to work over the next few hours. senators have been trying to come up with a deal but with no luck. new mitch mcconnell is negotiating with vice president joe biden. if political leaders can not come up with a plan by midnight tonight tax rates for all americans will increase. >> if there is an ultimate compromise, there will be parts of it i find disgusting and rep hencable which i may have to swallow in the name of finding a compromise. >> reporter: how will this effect you come tomorrow morning? if there is not a deal reach there won't be a drastic change in your next paychecks. if this plays out long-term the average american middle class family stands to lose out on $2,000 to $3,000 over the next year due to the increased taxes. live in washington kyla c
still don't have a deal to avoid the fiscal cliff. kyla campbell reports we are just hours away from automatic tax increases and government spending cuts. >> reporter: frustration is hitting a speak this morning after talking stalled last night. the house and senate will get back to work over the next few hours. senators have been trying to come up with a deal but with no luck. new mitch mcconnell is negotiating with vice president joe biden. if political leaders can not come up with a...
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many levels and the fiscal cliff which some call a product of u.s. lawmakers imagination could become a self-fulfilling prophecy and while congress has trouble sorting out a deal to prevent americans are slipping into a tax black hole some agreements just seem to breeze through china growth from want to wait news experience. welcome the united states of america this is where we govern by crisis we don't have representatives in washington d.c. we have political prostitutes that will go before a camera and say that anything that they have to say is to keep this massive government rolling and you can make special interest influences in washington d.c. for that when the cameras are on you know if they're on the red team they're going out there saying it's the welfare folks as well it's a people on food stamps or the people on extended unemployment benefits if they're on the blue team they're coming out and trying to get their base fired up that it's all about their corporate interests and this is why we can't come up with you but is an enemy when the cam
many levels and the fiscal cliff which some call a product of u.s. lawmakers imagination could become a self-fulfilling prophecy and while congress has trouble sorting out a deal to prevent americans are slipping into a tax black hole some agreements just seem to breeze through china growth from want to wait news experience. welcome the united states of america this is where we govern by crisis we don't have representatives in washington d.c. we have political prostitutes that will go before a...
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new year's danger the u.s. is still stuck on the edge of its fiscal cliff. before. investigators begin ruling out possible causes for the deadly plane crash at a moscow airport. step by step. us from the rest of the middle east and arab world money roller coaster public getting more politically vocal. major events that shaped twenty twenty. well it is a pleasure to have you with us here today on this new year's eve lots of action coming your way throughout the night. will be here a bit later for now though it's me research i live in the moscow st. now trying to pull the u.s. back from the brink of the fiscal cliff it couldn't get much closer to the wire just a few hours now americans will be hit hard by billions of dollars of tax hikes and spending cuts which will automatically come into effect on tuesday republicans and democrats are now in a last minute effort to avert it as time rapidly runs out here's our washington d.c. correspondent. the u.s. congress created this cliff situation when they failed to agree on a budget that would help the country reduce its defi
new year's danger the u.s. is still stuck on the edge of its fiscal cliff. before. investigators begin ruling out possible causes for the deadly plane crash at a moscow airport. step by step. us from the rest of the middle east and arab world money roller coaster public getting more politically vocal. major events that shaped twenty twenty. well it is a pleasure to have you with us here today on this new year's eve lots of action coming your way throughout the night. will be here a bit later...
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carefully . >>> more breaking news on the fiscal cliff with our john harwood at the white house. what are you hearing, john? >> bill, i just spoke to a republican leadership source in the house of representatives who said the house will not be voting on any potential deal that the senate strikes today. the source said we're not voting on this in the dead of night. what that means is is that technically we will go over the cliff tonight without a legislative solution. the impact of that may not be great because if a deal comes soon after midnight tonight, that would forestall the changes in tax tables that would be the way in which ordinary taxpayers would see the effect of higher rates. and budget sequester talks won't happen in the first day or two of the year. this is significant though because there was some deal that a deal could be struck that could clear the senate on an expedited procedure and clear the house tonight. i'm now told there will be no house votes tonight which means as i said in a technical sense, we go over the cliff. >> good thing it gives them more time to
carefully . >>> more breaking news on the fiscal cliff with our john harwood at the white house. what are you hearing, john? >> bill, i just spoke to a republican leadership source in the house of representatives who said the house will not be voting on any potential deal that the senate strikes today. the source said we're not voting on this in the dead of night. what that means is is that technically we will go over the cliff tonight without a legislative solution. the impact...
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the fiscal cliff deadline -- hopefully the new year's eve countdown will not mean we will go over the cliff. >> excitement continues to build after the big win for the washington redskins last night over the dallas cowboys. the scans are headed to the playoffs. they will play the seattle seahawks next saturday 4:30 at home. tickets are already available. fans are so excited and one local company already making new t-shirts with rg3 and champion on them. and they will be available at local sports zone the shops letter today. certainly a big day for the burgundy and gold. >> the city full of smiles. here are things you need to know. the city of alexandria putting finishing touches on the largest family friendly new year's eve bash in the region. over 100 live performances, 21 indoor venues and the fun ends with fireworks over the potomac river midnight. metrorail will stay open two hours late until 2:00 a.m. so everyone could get home safely and the new year will bring a new member to the kardashian clan. kim kardashian is pregnant with kanye west's child. for more information on these
the fiscal cliff deadline -- hopefully the new year's eve countdown will not mean we will go over the cliff. >> excitement continues to build after the big win for the washington redskins last night over the dallas cowboys. the scans are headed to the playoffs. they will play the seattle seahawks next saturday 4:30 at home. tickets are already available. fans are so excited and one local company already making new t-shirts with rg3 and champion on them. and they will be available at local...
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looking over the fiscal cliff, last second deal is it possible? kim kardashian and kanye west expecting a baby. new year's eve preps and the new york giants open their hearts to the families of newtown, connecticut. >>> very good morning to you. nice to see you this morning. we begin with secretary of state hillary clinton in the hospital. clinton was admitted to new york presbyterian hospital after a blood clot stemming from the concussion she sustained. cloth was discovered during a followup exam on sunday. she's being treated with blood thinners and doctors will monitor the medication over the next two days. the 65-year-old clinton fell and suffered a concussion and fainted while home alone in december as she recovered from a stomach virus. clinton had been planning to return network this week. >>> it is crunch time on capitol hill. senate and house negotiators have a few crucial hours left to come up with a compromise to avert the looming financial mess. if they don't here's what will happen. everyone's tax rates will go up. $1.2 trillion in f
looking over the fiscal cliff, last second deal is it possible? kim kardashian and kanye west expecting a baby. new year's eve preps and the new york giants open their hearts to the families of newtown, connecticut. >>> very good morning to you. nice to see you this morning. we begin with secretary of state hillary clinton in the hospital. clinton was admitted to new york presbyterian hospital after a blood clot stemming from the concussion she sustained. cloth was discovered during a...
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much more news coming up, including the latest on the fiscal cliff. one senator accusing democrats of trying to stick it to the rich. we're going to talk with senator rand paul of kentucky. we'll ask him why he says a fiscal cliff deal won't help the country. stand by. ♪ [ slap! ] [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you had heartburn. ♪ tum tum tum tum tums so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments until spring for qualified buyers. get the silverado for 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. >>> the united states is going over the fiscal cliff. at least for a short while. the house of representatives deciding in just a little while ago it will not vote and a deal tonight. earlier, president
much more news coming up, including the latest on the fiscal cliff. one senator accusing democrats of trying to stick it to the rich. we're going to talk with senator rand paul of kentucky. we'll ask him why he says a fiscal cliff deal won't help the country. stand by. ♪ [ slap! ] [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you had heartburn. ♪ tum tum tum tum tums so, the 5.3-liter v8 silverado can...
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from going over the fiscal cliff before the deadline of midnight east coast time. >> reporter: new year's eve partiers who want to leave their cars behind will have a lot of options. we'll tell you about the different transit agencies offering free rides this evening. "mornings on 2" starts now. >>> well, good morning to you. i'm dave clark. >> i'm tori campbell. it's monday, december 31st, new year's eve. in overnight news, san francisco firefighters had their work cut out for them when a natural gas line burst outside an apartment that was on fire. flames shot in the air on athens around 1:00 this morning. ktvu's alex savidge joins us live from the scene with video you will only see on channel 2. alex? >> reporter: well, good morning. the fire inside of that home is what triggered a second fire that came from the curbside gas valve right outside the home. that's why you see pg&e crews still doing last-minute repair work to patch up the road where they had to dig things up to access that line. that second fire coming from the gas line certainly made things difficult for firefighters this
from going over the fiscal cliff before the deadline of midnight east coast time. >> reporter: new year's eve partiers who want to leave their cars behind will have a lot of options. we'll tell you about the different transit agencies offering free rides this evening. "mornings on 2" starts now. >>> well, good morning to you. i'm dave clark. >> i'm tori campbell. it's monday, december 31st, new year's eve. in overnight news, san francisco firefighters had their...
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happy new year. >> happy new we're to you, too. we are right about to go over the fiscal cliff. is this the end of the world or not, mohammed? >> it's not the end of the world. but it's not a good thing. what are the two things that anybody watching your show comes away with? dysfunction and polarization. the dysfunction in the sense that our congress can't get together to do the basic thing. and polarization in the sense that no indication that it will get better. so think of this very simply. if you are an investor, if you're running a business and you have to make decisions over a number of years, the uncertainty premium goes up. which means you price out certain investments in plants, in equipment, hiring, which is not good for the economy, not good for consumers and not good for the top line of revenue growth for companies. this is not a good thing at all. >> okay. this is not a good thing at all. and mohamed, it sounds as if you think this is going to be the situation kind of like the new normal when it comes to politics. we're going to be talking about this again and agai
happy new year. >> happy new we're to you, too. we are right about to go over the fiscal cliff. is this the end of the world or not, mohammed? >> it's not the end of the world. but it's not a good thing. what are the two things that anybody watching your show comes away with? dysfunction and polarization. the dysfunction in the sense that our congress can't get together to do the basic thing. and polarization in the sense that no indication that it will get better. so think of this...
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remember, new year's eve obviously the fiscal cliff deadli deadline. thursday at noon the deadline for the current congress and then they won't have to restart the clock on pending legislation. >> so i know -- >> i'm glad you mentioned that. let's look bigger picture. this is set to be the least productive congress in history. 219 bills in this congress. >> right. >> the next lowest level was 333 bills during the '90s. so tremendously unproductive congress. as you mentioned, the new one will be sworn in and not looking a whole lot different. is this the new normal, the do-nothing congress? >> i think until we can sort of clear out of these fiscal issues, whether that's tonight or tomorrow, whether that's mid march, it is very difficult for other issues to rise to the to because of the nation's fiscal health and the global economy is at risk. we're going to see the administration roll out a gun control package at some point in january, perhaps as part of the state of the union in february. those are who major domestic policies sitting there. if the fisc
remember, new year's eve obviously the fiscal cliff deadli deadline. thursday at noon the deadline for the current congress and then they won't have to restart the clock on pending legislation. >> so i know -- >> i'm glad you mentioned that. let's look bigger picture. this is set to be the least productive congress in history. 219 bills in this congress. >> right. >> the next lowest level was 333 bills during the '90s. so tremendously unproductive congress. as you...
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thank you. >> have a good new year. >>> the possible fiscal cliff isn't the only thing happening at the stroke of midnight. more than 400 new laws take effect. some have a major impact including in new hampshire partial birth abortions will be banned. same sex couples will be able to marry in maryland. also registered sex offenders in illinois will no longer be able to dress up like santa or the easter bunny and will not be allowed to hand out candy on halloween. then there are some laws that just make you kind of go, hum. it will now be illegal for employers to require or request social media passwords in several states including maryland, new jersey, and delaware. motorcyclists in illinois can now run a red light if that light fails to change. in florida, your swamp buggy will no longer be considered a motor vehicle. >>> it is about 50/50 right now. i obviously would like to see a deal that would avoid the cliff but it depends on the content of the deal. >> it's a shame and disgrace that we are where we are. the american people are fed up first of all with this process. secondly, with
thank you. >> have a good new year. >>> the possible fiscal cliff isn't the only thing happening at the stroke of midnight. more than 400 new laws take effect. some have a major impact including in new hampshire partial birth abortions will be banned. same sex couples will be able to marry in maryland. also registered sex offenders in illinois will no longer be able to dress up like santa or the easter bunny and will not be allowed to hand out candy on halloween. then there are...
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the fiscal cliff at 1:30 p.m. eastern time. you will receive those comments on "power lunch." there will be some kind of announcement by the president of the fiscal cliff. there are reports they have moved forward. at least closer to some kind of agreement as vice president biden and mitch mcconnell have been speaking for the last several hours, maybe 12, 24 hours or so. at least those two gentlemen seem to be moving the ball forward or the mark set anticipating that. what can we -- the president comes out and makes a positive comment, okay, that we either have a deal in principle. there are still a lot of variables to take into consideration. >> yes. >> the house is the wild card. >> house is the wild card in the whole thing. >> do you do anything to set yourself up for the other side? >> no. >> that's what people will be thinking as they watch this network. >> my strategy remains, stay with the quality companies. use the dips to buy them. don't try and hit bottoms but don't buy an expectation af nounsments. you
the fiscal cliff at 1:30 p.m. eastern time. you will receive those comments on "power lunch." there will be some kind of announcement by the president of the fiscal cliff. there are reports they have moved forward. at least closer to some kind of agreement as vice president biden and mitch mcconnell have been speaking for the last several hours, maybe 12, 24 hours or so. at least those two gentlemen seem to be moving the ball forward or the mark set anticipating that. what can we --...
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rick: a connection to our founding fathers in the fight over the fiscal cliff. one prominent law school professor is calling for america to ditch the constitution. arthel: new controversy over the death of four americans in libya after the president blames quote sloppy security. we'll speak with former u.n. ambassador john bolton. >> the problem was the right people apparently either didn't make the decision or didn't analyze the intelligence because i think if you looked at the intelligence would you have substantially beefed up the security in that particular mission in benghazi, and it didn't happen sufficiently. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobi
rick: a connection to our founding fathers in the fight over the fiscal cliff. one prominent law school professor is calling for america to ditch the constitution. arthel: new controversy over the death of four americans in libya after the president blames quote sloppy security. we'll speak with former u.n. ambassador john bolton. >> the problem was the right people apparently either didn't make the decision or didn't analyze the intelligence because i think if you looked at the...
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i'm christine romans following fiscal cliff all day and night. ashleigh banfield returning tomorrow. "newsroom with suzanne malveaux" starts right now. >>> welcome back to "cnn newsroom." here's what's going on right now. ♪ >>> 2013 hitting right now in bangkok, thailand. we're looking at live pictures there as the celebrations and the fireworks exploding there. lots of picture-taking and a lot of excitement there. right now pope benedict holding a new year's eve mass at st. peter's basilica. they will celebrate the new year in six hours. a couple of hours ago folks toasted 2013 in new zealand. check it out. >> pretty cool. party started with fireworks with the auckland sky it tower. organizers were worried bad weather would be a problem, but everything turned out just fine. congratulations. the second major city to ring in the new year, sydney, australia. check it out. wow, that is over city harbor bridge. the show is huge. we are talking about seven tons of fireworks. happy new year's all around. >>> of course, we are waiting as well when the
i'm christine romans following fiscal cliff all day and night. ashleigh banfield returning tomorrow. "newsroom with suzanne malveaux" starts right now. >>> welcome back to "cnn newsroom." here's what's going on right now. ♪ >>> 2013 hitting right now in bangkok, thailand. we're looking at live pictures there as the celebrations and the fireworks exploding there. lots of picture-taking and a lot of excitement there. right now pope benedict holding a new...
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. >> the president speaking moments ago, saying that we are indeed close to a fiscal cliff deal. the latest word is that they are negotiating over the exact amount where taxes will rise, 450, maybe 550, maybe in the middle at 500 but the president did throw a barb out there saying if the republicans think we are done with tax revenue and spending cut discussion, they have another thing coming. welcome to final "street signs" of 2012. and if things don't go well, maybe the final "street signs" ever. just kidding. just ten hours left in this year in washington and ten years until we fall off the fiscal cliff. can we get it done? >> working the phones day and night, let's goat john harwood in washington. lots and lots of headlines, fill us in. >> the latest mandy is that negotiations agreed on the middle class portion of the tax cuts. these are talks between biden and mcconnell. what they agreed to is 39%, 39.6, rather, of individuals over $400,000 in income. married couples above $450,000. estate tax to 40% for estates over $5 million p.m. and rise in dividend rates. can they resol
. >> the president speaking moments ago, saying that we are indeed close to a fiscal cliff deal. the latest word is that they are negotiating over the exact amount where taxes will rise, 450, maybe 550, maybe in the middle at 500 but the president did throw a barb out there saying if the republicans think we are done with tax revenue and spending cut discussion, they have another thing coming. welcome to final "street signs" of 2012. and if things don't go well, maybe the final...
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how the fiscal cliff vote was near will guess what there are some changes that happen in the last few minutes it turns out the house will not vote tonight on any budget negotiations and this could very much mean that we will indeed go over the so-called fiscal cliff again the house will not be taking a vote tonight a whole lot in that deal that still had not been worked out not sure exactly why though here at four thirty in the afternoon i hear eastern time that they just decided to call it quits and not have a vote we are going to stay on this story and we're going to have an update for you on what this all means tonight at five pm. thanks so much for watching. his easy. going. i've. a.
how the fiscal cliff vote was near will guess what there are some changes that happen in the last few minutes it turns out the house will not vote tonight on any budget negotiations and this could very much mean that we will indeed go over the so-called fiscal cliff again the house will not be taking a vote tonight a whole lot in that deal that still had not been worked out not sure exactly why though here at four thirty in the afternoon i hear eastern time that they just decided to call it...
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back from the brink of the fiscal cliff it couldn't get much closer we're down to the wire just a few hours now americans will be hit hard by billions of dollars of tax hikes and spending cuts which will come into effect on tuesday republicans and democrats are now in a last minute effort to avert it as time rapidly runs out. reports. the u.s. congress created this cliff situation when they failed to agree on a budget that would help the country reduce its deficit and its you monger's debt and what they did was what they usually do they put off those important decisions until a certain deadline that deadline is now so they came up with this scary word cliff to create lots of drama around what should be the ordinary maybe somewhat boring working process of any congress or parliament that is to agree on a budget the need to deadlines so the cliff which actually describes the mode in which the congress is working their inability to make decisions until the very very last minute the cliff that u.s. lawmakers have artificially created could become very real for the american people the vast
back from the brink of the fiscal cliff it couldn't get much closer we're down to the wire just a few hours now americans will be hit hard by billions of dollars of tax hikes and spending cuts which will come into effect on tuesday republicans and democrats are now in a last minute effort to avert it as time rapidly runs out. reports. the u.s. congress created this cliff situation when they failed to agree on a budget that would help the country reduce its deficit and its you monger's debt and...
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well get your parachutes everyone it looks like we will be going over the fiscal cliff after all the u.s. house of representatives has announced they will not be voting tonight on a budget deal now this may sound very dramatic but a few things to note tomorrow is a federal holiday markets will not be open if congress votes on this next week they could pass legislation retroactively blocking the tax hikes and spending cuts both sides do cells still seem to be bargaining over whether and how to avoid more than one hundred billion dollars in costs to defense and domestic programs those were scheduled to take effect on wednesday now we want to outline for you the latest details of this deal and sort of talk about what it means i'm joined by sam sax progressive writer and commentator also a former capitol hill staffer so what. we have here sam i mean is this just congress buying more time yes and it's going to be pretty disappointing for all the people who've been watching the corporate news outlets and their countdowns are going to hit zero and they're expecting something like that to ha
well get your parachutes everyone it looks like we will be going over the fiscal cliff after all the u.s. house of representatives has announced they will not be voting tonight on a budget deal now this may sound very dramatic but a few things to note tomorrow is a federal holiday markets will not be open if congress votes on this next week they could pass legislation retroactively blocking the tax hikes and spending cuts both sides do cells still seem to be bargaining over whether and how to...
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well as you know we're waiting to sort of see what happens with this so-called fiscal cliff this is sort of a deal that's been made such a big deal out of and so we're you know glued to the t.v.'s glued to you know twitter trying to stay in touch with our sources to see what happens with this of course i personally will be squeezing some fun and now after the show. well i certainly hope so christine you've been a hardworking lady you deserve a bit of fun so try to trying to get out of the news and enjoy yourself christine. thanks so much for joining us all the way across the atlantic happy new year to you good to be with you happy new year a pleasure and thanks so much our guys but we still have plenty more to come here kev and myself as well a pleasure to be joining you for the kickoff of two thousand and thirteen and we will be back with more still to see do you promise to deliver it was that we were supposed to go into the gallery or the control room right here. on my hello my or this or if you were going to take the whole crew over there were probably taken to take a short break and
well as you know we're waiting to sort of see what happens with this so-called fiscal cliff this is sort of a deal that's been made such a big deal out of and so we're you know glued to the t.v.'s glued to you know twitter trying to stay in touch with our sources to see what happens with this of course i personally will be squeezing some fun and now after the show. well i certainly hope so christine you've been a hardworking lady you deserve a bit of fun so try to trying to get out of the news...
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now, as the new year's deadline approaches, the fiscal cliff may be moving to a later date, in 2013. it is part of a possible deal that is forming at this hour. this, of course, represents the $3.6 trillion the u.s. government spent last year, unless congress reaches a deal when the new year hits. so too will the fiscal cliff. $600 billion worth of tax increases and spending cuts. it is supposed to be automatic. but now republicans are suggesting a delay, the president just spoke trying to add pressure to congress to avoid going over the fiscal cliff. listen. >> my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a grand bargain, whatever you want to call it, that solves our deficit problems in a balanced and responsible way that doesn't just deal with the taxes, but deals with the spending in a balanced way, so that we can put all this behind us focusing on growing our economy. but with this congress, that was obviously a little too much to hope for at this time. >> let's turn now to chief white house correspondent jessica y
now, as the new year's deadline approaches, the fiscal cliff may be moving to a later date, in 2013. it is part of a possible deal that is forming at this hour. this, of course, represents the $3.6 trillion the u.s. government spent last year, unless congress reaches a deal when the new year hits. so too will the fiscal cliff. $600 billion worth of tax increases and spending cuts. it is supposed to be automatic. but now republicans are suggesting a delay, the president just spoke trying to add...
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we'll tell you. >> and 15 hours until congress steps off the "fiscal cliff." a final push to reach a deal before the midnight deadline. >> jack frost showing up in some of the valleys very chilly start to the day. will we see some rain for new year's eve? we'll talk about that coming up. >> and no major hot spots at all in any bay area roads. here's a live look at 101 in san jose. mass transit offering free rides for the holiday, we'll tell you which once coming up. >>> good morning. it's monday, new year's eve, happy early new year's to you folks. i'm frank mallicoat. >> i'm michelle griego. time now is 6:00. we're on the scene of developing news in san francisco this morning. >> we are. cbs 5 reporter cate caugiran is in the excelsior district where a gas line gave firefighters a little bit of trouble this morning. she joins us with the latest now. good morning, cate. >> reporter: good morning, frank. on top of that, firefighters are calling this house fire suspicious just because of how quickly it spread but again we don't know what caused it. an arson team
we'll tell you. >> and 15 hours until congress steps off the "fiscal cliff." a final push to reach a deal before the midnight deadline. >> jack frost showing up in some of the valleys very chilly start to the day. will we see some rain for new year's eve? we'll talk about that coming up. >> and no major hot spots at all in any bay area roads. here's a live look at 101 in san jose. mass transit offering free rides for the holiday, we'll tell you which once coming up....
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and i think that certainly we are here on new year's eve, and we are upon the fiscal cliff. what we do need to focus on is how do we find that common ground? because what we do know is that i believe the republicans and democrats alike want to put our country on a course of fiscal discipline, we hope. . mr. speaker, i'm a small business owner. i employ 100 people. for me hts 100 families. i need a budget and a payroll, and what they're looking for when i talk to people back home, they're looking for some stability. they're looking for certainty. and what we're doing here is not providing any of those things. and yet i do believe that there is a spirit of comity that we want to find that common ground and move forward. i'm sorry that we're here on new year's eve and we haven't solved this problem long ago. i will say, mr. speaker, that the house did send over a bill in august over to the united states senate. going back to my time as a small business owner, i can just tell you if i had given something to one of the people i work with, marked it urgent and put it on their desk
and i think that certainly we are here on new year's eve, and we are upon the fiscal cliff. what we do need to focus on is how do we find that common ground? because what we do know is that i believe the republicans and democrats alike want to put our country on a course of fiscal discipline, we hope. . mr. speaker, i'm a small business owner. i employ 100 people. for me hts 100 families. i need a budget and a payroll, and what they're looking for when i talk to people back home, they're...
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fiscal cliff. a look at the biggest money stories of the year. >>> and later this hour, the ten most intriguing people of 2012 as chosen by you. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes! to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet? let me guess, am i on the naughty list again? ho ho ho! when i'm ou
fiscal cliff. a look at the biggest money stories of the year. >>> and later this hour, the ten most intriguing people of 2012 as chosen by you. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable...
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no votes are scheduled for the fiscal cliff. when the house reconvenes, we will have live coverage. president obama said an agreement is in sight in the senate republican leader came to the floor this afternoon to say an agreement had been reached on taxes but no agreement yet on the spending cuts that are part of the fiscal cliff. you can watch both of those statements on our web site. >> a lot of people that i no looking back on the past 40 years will say that ever since apollo, the space program has been a jobs program. how many jobs can we get in your district or your state? the space shuttle passed by one vote because it was passed all around the country. we had people working in different places. i can tell you some pretty brutal story is about politics that get involved in the space program. bring home the bacon. jobs get votes. in votes key congressmen and senators in office. >> buzz aldrin on the past and future of the space program, and from brown university, the 2012 presidential election. now a conversation on emerging economies like china, india, and brazil. we will hea
no votes are scheduled for the fiscal cliff. when the house reconvenes, we will have live coverage. president obama said an agreement is in sight in the senate republican leader came to the floor this afternoon to say an agreement had been reached on taxes but no agreement yet on the spending cuts that are part of the fiscal cliff. you can watch both of those statements on our web site. >> a lot of people that i no looking back on the past 40 years will say that ever since apollo, the...